Expeditors became a publicly traded company in 1984 with the listing of its shares on NASDAQ under the ticker symbol EXPD (Nasdaq: EXPD) and were named to the NASDAQ-100 in 2002. During their first year as a public company, Expeditors reported more than $50 million in gross revenues and $2.1 million in net earnings. Expeditors is currently #299 on the Fortune 500.[4] Total revenues exceeded 10 billion ($10.116 billion) in 2021.[4]
They are known in the financial services community for their unconventional and entertaining SEC filings, which are rumored to be written by former CEO Peter Rose himself[citation needed], as well as its responses to questions submitted to the company, which are placed on Expeditors' investor website.[5] Rose announced his retirement in March 2014 as CEO, with his retirement as Chairman effective May 2015.[6]
Compensation structureedit
Expeditors maintains a compensation structure that is unique to the logistics industry. According to their 2003 annual report,[7] "Each of the Company’s branches are independent profit centers and the primary compensation for the branch management group comes in the form of incentive-based compensation calculated directly from the operating income of that branch. This compensation structure ensures that the allocation of revenue and expense among components of services [...] are done in an objective manner on a fair value basis."
expeditors, international, washington, commonly, referred, expeditors, american, worldwide, logistics, freight, forwarding, company, headquartered, seattle, washington, washington, company, typepublictraded, asnasdaq, expddjta, components, componentindustrylog. Expeditors International of Washington commonly referred to as Expeditors is an American worldwide logistics and freight forwarding company headquartered in Seattle Washington 3 Expeditors International of Washington Inc Company typePublicTraded asNasdaq EXPDDJTA ComponentS amp P 500 ComponentIndustryLogisticsFounded1979 45 years ago 1979 HeadquartersSeattle Washington USKey peopleJeffrey S Musser president amp CEO Benjamin G Clark CSO Bradley S Powell CFO ProductsFreight Forwarding Services Customs BrokerageRevenueUS 8 1 billion 1 2018 Operating incomeUS 796 million 1 2018 Net incomeUS 818 million 1 2018 Total assetsUS 3 3 billion 1 2018 Total equityUS 1 99 billion 1 2018 Number of employees19 588 2 2021 Websiteexpeditors wbr com Contents 1 Financial information 2 Compensation structure 3 See also 4 References 5 External linksFinancial information editExpeditors became a publicly traded company in 1984 with the listing of its shares on NASDAQ under the ticker symbol EXPD Nasdaq EXPD and were named to the NASDAQ 100 in 2002 During their first year as a public company Expeditors reported more than 50 million in gross revenues and 2 1 million in net earnings Expeditors is currently 299 on the Fortune 500 4 Total revenues exceeded 10 billion 10 116 billion in 2021 4 They are known in the financial services community for their unconventional and entertaining SEC filings which are rumored to be written by former CEO Peter Rose himself citation needed as well as its responses to questions submitted to the company which are placed on Expeditors investor website 5 Rose announced his retirement in March 2014 as CEO with his retirement as Chairman effective May 2015 6 Compensation structure editExpeditors maintains a compensation structure that is unique to the logistics industry According to their 2003 annual report 7 Each of the Company s branches are independent profit centers and the primary compensation for the branch management group comes in the form of incentive based compensation calculated directly from the operating income of that branch This compensation structure ensures that the allocation of revenue and expense among components of services are done in an objective manner on a fair value basis See also edit nbsp Companies portal Globalization World economyReferences edit a b c d e US SEC Form 10 K Expeditors International of Washington Inc United States Securities and Exchange Commission Retrieved July 1 2019 Expeditors Intl of Washington Fortune Archived from the original on 2020 07 31 Retrieved 2019 07 01 Expeditors Office Information Seattle USA CHQ Archived 2009 06 23 at the Wayback Machine Expeditors Retrieved on January 25 2009 a b Expeditors Intl of Washington 2021 Fortune 500 Fortune Retrieved 9 October 2021 Public Disclosure Expeditors Archived from the original on August 30 2011 Retrieved August 24 2014 Peter Rose to retire International Transport Journal 14 October 2013 Retrieved 7 January 2021 Expeditors 2003 Annual Report Archived from the original on 2007 04 14 Retrieved 2007 10 27 External links editOfficial website Business data for Expeditors International GoogleSEC filingsYahoo 47 36 22 N 122 20 04 W 47 606 N 122 334562 W 47 606 122 334562 Retrieved from https en wikipedia org w index php title Expeditors International amp oldid 1222707242, wikipedia, wiki, book, books, library,
